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Specified Indebtedness - ISDA Provision: Difference between revisions
Specified Indebtedness - ISDA Provision (view source)
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{{ | {{fullanat2|isda|Specified Indebtedness|2002|Specified Indebtedness|1992}} | ||
A simple and innocuous enough looking provision. Ahh, but what to make of the definition of [[borrowed money]]? Could it include [[repo]]? (No, according to Simon Firth - see [[borrowed money|here]]) | A simple and innocuous enough looking provision. Ahh, but what to make of the definition of [[borrowed money]]? Could it include [[repo]]? (No, according to Simon Firth - see [[borrowed money|here]]) | ||
Of particular interest in the debate on {{isdaprov|Cross Default}}. Please refer to that section for a fuller discussion. see also the somewhat clumsier (but materially similar) definition of {{efetprov|Specified Indebtedness}} in the {{efetma}}. | Of particular interest in the debate on {{isdaprov|Cross Default}}. Please refer to that section for a fuller discussion. see also the somewhat clumsier (but materially similar) definition of {{efetprov|Specified Indebtedness}} in the {{efetma}}. | ||